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A sofa costing $380.00 is sold for $553.66. Find the markup rate. Round to the nearest tenth of a percent.

Sagot :

The markup price is the difference between the selling price and the total cost. Then, we have that:

[tex]M=553.66-380.00\rightarrow M=173.66[/tex]

If we round it to the nearest tenth, then we have M = $173.7

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